Pacific Horizon Inv Trust (PHI)

Sector:

Investment Firms

Index:

FTSE 250

 693.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 814.00
  • 52 Week Low: 523.00
  • Currency: UK Pounds
  • Shares Issued: 91.20m
  • Volume: 17,640
  • Market Cap: £632.01m
  • RiskGrade: 143

Pacific Horizon calls on investors to vote against liquidation

Date: Wednesday 07 Sep 2011

LONDON (ShareCast) - Cash-strapped investment trust Pacific Horizon has released a statement calling on its investors to vote against the liquidation of the company.

The directors have proposed that the life of the company be extended for a further five years, but said if this move was not voted through it would propose the liquidation of the company, the proceeds of which would go to shareholders.

The group said: "Despite the problems of debt and slow growth currently faced by the developed world, the board and managers consider that the attractions of investing in the regions of the Asia-Pacific and Indian sub-continent remain strong.

"We are aware that performance in the volatile markets, which have followed the financial crisis of 2008/9, has been disappointing.

"However, having conducted a thorough review of the Managers' approach and resources we judge them to have the right team to manage a portfolio in what we still consider to be a region with outstanding long term prospects for investment."

Pre-tax profit for the year was down from £23.68m to £12.83m, while gains on investments fell from £22.36m to £11.17m.

Cash also fell, tumbling from £0.7m to -£1.4m. Earnings per share rose from 1.65p to 1.98p.

The board has recommended a dividend payment of 1.50p.

The share price rose 0.51% to 147.50 at 14:29.

NR

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHI Market Data

Currency UK Pounds
Share Price 693.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 814.00
52 Week Low 523.00
Volume 17,640
Shares Issued 91.20m
Market Cap £632.01m
RiskGrade 143

PHI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.44% below the market average36.44% below the market average36.44% below the market average36.44% below the market average36.44% below the market average
69.58% below the sector average69.58% below the sector average69.58% below the sector average69.58% below the sector average69.58% below the sector average
Price Trend
7.57% above the market average7.57% above the market average7.57% above the market average7.57% above the market average7.57% above the market average
3.41% below the sector average3.41% below the sector average3.41% below the sector average3.41% below the sector average3.41% below the sector average
Income
67.38% below the market average67.38% below the market average67.38% below the market average67.38% below the market average67.38% below the market average
26.41% below the sector average26.41% below the sector average26.41% below the sector average26.41% below the sector average26.41% below the sector average
Growth
82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average
63.92% above the sector average63.92% above the sector average63.92% above the sector average63.92% above the sector average63.92% above the sector average

PHI Dividends

  Latest Previous
  Final Final
Ex-Div 27-Oct-22 08-Oct-20
Paid 29-Nov-22 13-Nov-20
Amount 3.00p 0.25p

Trades for 03-Feb-2023

Time Volume / Share Price
10:03 3,000 @ 687.21p
10:00 12 @ 686.62p
10:00 9 @ 686.62p
09:59 286 @ 691.00p
09:55 774 @ 692.00p

PHI Key Personnel

Chair Angus Macpherson

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